Assumptions
In his book The 4-Hour Work Week, Tim Ferriss talks about the importance of replacing assumptions. In business, it’s very easy to work from common assumptions. Everyone else does it that way, right? So why wouldn’t you?
For example, for years we’ve been hearing that “the customer is always rightâ€. We’ve been trained to live in scarcity mode, gladly accepting any business that comes our way – sometimes gaining customers or clients that are very difficult to serve.  Spending a lot of time with a high maintenance customer under the guise that “the customer is always right†will likely hurt your business much more than help it. Why? Because you and your team spend more time at a lesser margin of profit and time is money, after all.
What if you broke the rules, and made a commitment to let go of all your low-profit- and often annoying- customers? That’s right; you simply eliminate them from your business entirely! Can you imagine the implications? What would your customer service world look like? Would you go out of business because you no longer serve those customers? The answer is simply… of course not! You would spend more time with your profitable customers, giving them the attention they deserve – and most likely up-sell them in the process. You would improve the morale of your customer service team by removing a great deal of potentially negative energy from their workloads. You would also empower your front line to stand up for what is right rather than cower to the demands of a self-righteous customer.
Firing customers? That is big. I promise that once you’ve actually done it, you’ll be very glad you did.
There are many other assumptions that limit our business thinking. We make assumptions about the market or the economy, and the associated effect both have on our growth potential.   We assume that jobs must be done from an office; when, in reality, giving someone mobility would increase job satisfaction and potentially improves production levels.
The important lesson here is that we always have options. In order to grow in the new economy, we must encourage non-traditional thinking. If we’re on the wrong bus, let’s get off now! That means that in some cases, we must forget everything we think we know – we must question everything without assumption. In doing so, we can only benefit.
Letting go of our assumptions allows us to think creatively. It allows us to uncover inefficiencies in our business that may have immediate and direct effects on our bottom line. Thinking creatively will give you an edge in the market place. The buzz it creates will undoubtedly increase interest in doing business with your company. So let go of your assumptions and prepare for prosperity!
It’s an unusual world. Recalibrate the compass.
Coach Charrise
